Currency OutlookCurrency Outlook

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Summer in the northern hemisphere typically sees lower trading volumes in financial markets and weaker global equities.

Although August is likely to be a quieter month for currencies, the key drivers could be:

  • Any headlines around the ongoing threat of COVID-19 variants to global recovery.
  • Employment and inflation data, indicators of sustainable growth out of recession. Central banks will use this data to evaluate whether changes to monetary policy are required.
  • The Jackson Hole Symposium. In late Augustcentral bankers, policy experts and academics will come together to examine important issues facing world economies. This will be closely watched as speakers could reveal future monetary policy from central banks.
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